MIAMI — TruAmerica’s former co-chief investment officer Matt Ferrari has departed the Los Angeles-based investment and development company to launch PXV Multifamily based out of Miami. The private investment and operations firm will target middle-market, value-add and larger, investment-grade properties suitable for institutional capital. PXV plans to deploy approximately $2 billion in acquisitions over the next 36 months and is capitalized with funds from BroadVail Capital Partners, a Houston-based real estate private equity firm that partners with management teams to build institutional real estate investment platforms. This partnership marks BroadVail’s entrance into the market-rate multifamily sector, having other active platforms in the industrial, self-storage and affordable housing sectors.
Matt Ferrari, a former executive with TruAmerica Multifamily, has launched a new Miami-based investment firm that will target a variety of market-rate acquisitions.
TruAmerica Exec Launches Miami-Based Investment Firm
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